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 Posted: Tue Jul 06, 2010 9:04 pm Post subject: beni |
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| i was dating my boss for 3 yrs and he really disliked his spouse he had alot at stake so he couldnt divorce so easily.. if we were both on ins policy as beni can either one of us be removed? |
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meljoe2006
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| Posted: Tue Jul 06, 2010 9:37 pm Post subject: |
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Yes, unless either of you was designated "irrevocable."
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InsTeacher
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| Posted: Tue Jul 06, 2010 10:26 pm Post subject: |
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Ok, hold on a dawg-gone minute here...let me see if I'm understanding this, you are no longer dating your married boss, and you want to know if your name can be removed...from HIS wifes life ins. policy? | Quote: | | if we were both on ins policy as beni |
Do I have this right? He hated his wife, (and any children he has with her) so badly that he had a life insurance policy on HER naming him AND his mistress as beneficarys? now, you're broke up and want to know if you can still collect on the WIFES life policy, when she dies? Seriously, is that what you're asking?
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Last edited by Lori on Tue Jul 06, 2010 10:29 pm |
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Lori
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| Posted: Tue Jul 06, 2010 11:11 pm Post subject: |
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| As insurance teacher stated, unless one of you was named as an irrevocable beneficiary (kind of rare) then yes either one can be removed for any reason at any time and without your knowing it. |
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BNTRS
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| Posted: Tue Jul 06, 2010 11:57 pm Post subject: |
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Lori, I think the OP was stating that the husband has a life policy naming his wife and mistress as beneficiaries... It isn't a life policy on the wife. At least that's what I thought the OP was referring to.
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InsTeacher
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| Posted: Wed Jul 07, 2010 10:36 am Post subject: |
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Ok, I didn't read it that way, although that makes a 'little' bit more sense 
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Lori
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| Posted: Fri Jul 09, 2010 5:13 am Post subject: |
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It doesn't make much sense either way. What knucklehead is going to name both a mistress and a wife as beneficiaries on the same policy. The jerk deserves to be strung up by an unnamed, unique part of the male anatomy.
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MaxHerr
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| Posted: Sat Jul 10, 2010 4:28 am Post subject: |
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Hey, the guy takes care of all the women in his life, give him some credit   |
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BNTRS
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MaxHerr
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| Posted: Sat Jul 10, 2010 11:19 am Post subject: |
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| Quote: | | Hey, the guy takes care of all the women in his life, give him some credit |
Yupp...he deserves some credit...more specifically since he didn't cheat on his wife when it came to financial responsibility.
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anonymous00
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| Posted: Sat Jul 10, 2010 9:21 pm Post subject: |
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| Quote: | | he didn't cheat on his wife when it came to financial responsibility. |
How do you figure that? If he's spending time/money with a third party girlfriend, financial resources are being diverted from his legal spouse. If he's attempting to name both as beneficiaries on a single life policy, his wife is not getting 100% of the death benefit. Not that she has to, but when I name my wife as my beneficiary, I'm not naming anyone else as primary.
I've yet to have a client ask if it's OK to add a girlfriend as a primary (or contingent) beneficiary, and I first started doing this in 1980.
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MaxHerr
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| Posted: Sun Jul 11, 2010 1:50 pm Post subject: |
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| Quote: | | more specifically since he didn't cheat on his wife when it came to financial responsibility. |
Are you kidding me? This guy is a scum bag  ...he's (apparently) attempted to have his life insurance split between his wife, and his girl friend, and he's the (ex?) girlfriends BOSS, sorry (IMO) this all equals scum bag...and furthermore, it cracks me up that OP says they 'were dating for three years" how do you 'date' a married man? Then to add insult to injury, the guy is (most likely) either dead or dying, and his employee/girlfriend/mistress wants to know if she's still going to be able to collect! geeeeze, alright, now my head hurts...
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"Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr. |
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Lori
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| Posted: Mon Jul 12, 2010 1:53 am Post subject: |
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| Well, there are many details we don't know, so lets not turn this into quickly judging this guy and declaring him the worst person in the universe, Keith Olbermann (haaaa!) |
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BNTRS
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| Posted: Mon Jul 12, 2010 11:28 am Post subject: |
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I don't think he's the WORSE guy in the world but I do think he's a scum bag..and in no way should he be given credit like this | Quote: | | he didn't cheat on his wife when it came to financial responsibility. |
I don't need any details other than the fact he's a married man, that's foolin' around with an employee and putting his little sweetie on the life insurance policy as beneficary...sorry these things equal scum bag to me..and always will...
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"Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr. |
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Lori
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| Posted: Mon Jul 12, 2010 1:21 pm Post subject: |
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Ok, what's the probable reality of this situation?
The boss lied to his girlfriend about her being on the insurance policy.
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akfjaka
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